Abstract

Government creates tax incentives to encourage certain behaviours which are likely to impact positively on the economy. This includes creating competitive advantage for its products in the international market, stimulating further investments and subsidizing household expenses for low income families, among others. The paper examines the different Nigerian statutes granting tax incentives to the investors-taxpayers and looks at those prone to abuse, thereby incapable of fulfilling the objectives stated above. It also examines the overall desirability of tax incentives. The paper found that most of the provisions of tax incentive statutes are in need of review. The paper concludes that there is a need to expunge some of the tax incentive provisions from the tax statutes while others are amenable to review.